Haverford Trust Co Purchases 92 Shares of Target Co. (NYSE:TGT)

Haverford Trust Co lifted its position in Target Co. (NYSE:TGT) by 0.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 31,744 shares of the retailer’s stock after buying an additional 92 shares during the period. Haverford Trust Co’s holdings in Target were worth $4,948,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Empower Advisory Group LLC boosted its position in shares of Target by 5.8% during the 3rd quarter. Empower Advisory Group LLC now owns 398,680 shares of the retailer’s stock valued at $62,138,000 after acquiring an additional 21,992 shares during the last quarter. Aptus Capital Advisors LLC lifted its position in Target by 5.8% during the third quarter. Aptus Capital Advisors LLC now owns 7,738 shares of the retailer’s stock valued at $1,206,000 after purchasing an additional 427 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Target in the 3rd quarter worth $1,068,000. Savvy Advisors Inc. bought a new stake in shares of Target during the 3rd quarter worth $269,000. Finally, Ashton Thomas Private Wealth LLC grew its position in Target by 2.6% in the third quarter. Ashton Thomas Private Wealth LLC now owns 43,893 shares of the retailer’s stock worth $6,841,000 after acquiring an additional 1,109 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Transactions at Target

In related news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total value of $7,140,150.00. Following the sale, the insider now owns 303,843 shares in the company, valued at approximately $48,210,768.81. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total value of $7,140,150.00. Following the transaction, the insider now directly owns 303,843 shares in the company, valued at $48,210,768.81. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Richard H. Gomez sold 6,348 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $157.17, for a total value of $997,715.16. Following the sale, the insider now owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,348 shares of company stock worth $8,290,995 over the last three months. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on TGT shares. Citigroup lifted their price target on Target from $180.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Sanford C. Bernstein initiated coverage on Target in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $168.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Wells Fargo & Company upped their price objective on shares of Target from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Finally, Royal Bank of Canada lifted their target price on shares of Target from $174.00 to $177.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.47.

Target Trading Down 0.4 %

Target stock opened at $154.99 on Thursday. Target Co. has a 12 month low of $108.08 and a 12 month high of $181.86. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. The business’s fifty day simple moving average is $152.46 and its two-hundred day simple moving average is $150.49. The company has a market capitalization of $71.40 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating the consensus estimate of $2.18 by $0.39. The business had revenue of $25.02 billion for the quarter, compared to the consensus estimate of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business posted $1.80 EPS. As a group, equities analysts predict that Target Co. will post 9.54 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Wednesday, November 20th. Target’s payout ratio is presently 46.28%.

Target Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.